Hi-Lex (7279) Q4 2024 earnings summary

Executive summary

• Net sales increased by 3.3% year-over-year to ¥308,382 million for the fiscal year ended October 31, 2024.

• Operating profit declined sharply by 87.8% year-over-year to ¥365 million.

• Ordinary profit fell 48.8% year-over-year to ¥2,727 million.

• Profit attributable to owners of parent was ¥1,973 million, compared to a loss of ¥2,991 million in the previous year.

• Comprehensive income turned negative at ¥(1,746) million, down from ¥5,846 million last year.

Financial highlights

• Gross profit decreased slightly to ¥30,971 million from ¥31,502 million year-over-year.

• Basic earnings per share improved to ¥52.60 from ¥(79.75) year-over-year.

• Total assets decreased to ¥270,260 million from ¥280,994 million year-over-year.

• Net assets declined to ¥184,587 million from ¥191,179 million year-over-year.

• Cash and cash equivalents at year-end rose to ¥48,476 million from ¥41,554 million.

Outlook and guidance

• Forecast for FY2025 projects net sales of ¥298,800 million, a 3.1% decrease year-over-year.

• Operating profit is expected to recover to ¥2,400 million, up 557.3% year-over-year.

• Profit attributable to owners of parent is forecast at ¥2,000 million, up 1.3% year-over-year.

• Annual dividend per share is projected at ¥46.00, with a payout ratio of 75.0%.